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85 Results

The 1975–78 Anti-Inflation Program in Retrospect

Staff Working Paper 2005-43 John Sargent
The author provides an overview of the 1975–78 Anti-Inflation Program (AIP), in a background document prepared for a seminar organized by the Bank of Canada to mark the AIP's 30th anniversary.

A Search Model of Venture Capital, Entrepreneurship, and Unemployment

Staff Working Paper 2005-24 Robin Boadway, Oana Secrieru, Marianne Vigneault
The authors develop a search model of venture capital in which the number of successful matches of entrepreneurs and venture capitalists (VCs) at any moment in time is a function of the number of entrepreneurs searching for funds, the number of VCs searching for entrepreneurs, and the number of vacancies posted by each VC.
Content Type(s): Staff research, Staff working papers Topic(s): Financial markets, Fiscal policy, Labour markets JEL Code(s): D, D8, D82, G, G1, G18, G2, G24, H, H2, H21, J, J6, J64

Why Does Private Consumption Rise After a Government Spending Shock?

Staff Working Paper 2003-43 Hafedh Bouakez, Nooman Rebei
Recent empirical evidence suggests that private consumption is crowded-in by government spending. This outcome violates existing macroeconomic theory, according to which the negative wealth effect brought about by a rise in public expenditure should decrease consumption.

The Macroeconomic Effects of Military Buildups in a New Neoclassical Synthesis Framework

Staff Working Paper 2003-12 Alain Paquet, Louis Phaneuf, Nooman Rebei
The authors study the macroeconomic consequences of large military buildups using a New Neoclassical Synthesis (NNS) approach that combines nominal rigidities within imperfectly competitive goods and labour markets. They show that the predictions of the NNS framework generally are consistent with the sign, timing, and magnitude of how hours worked, after-tax real wages, and output actually respond to an upsurge in military purchases.
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